{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-201170","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.315079+00:00","generated_at":"2026-06-12T14:30:13.274084+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Driven Brands Q2 revenue up 19% to $607M; cuts full-year guidance due to Car Wash & glass headwinds","bullets":["Revenue $606.9M (+19% YoY); same-store sales +8%; added 74 net new stores.","Net income $37.7M vs loss $57M prior year; adjusted net income $49.1M (-18%).","Adjusted EBITDA $151M (+12%); cash from operations $114.6M YTD vs $75.4M prior.","Full-year guidance cut: revenue $2.30B (was $2.35B), Adj EBITDA $535M (was $590M), Adj EPS $0.92 (was $1.21).","Car Wash same-store sales -4%; softer consumer demand; U.S. glass impacted by integration delays."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-201170","json":"https://secwatch.observer/filing/0001193125-23-201170.json","markdown":"https://secwatch.observer/filing/0001193125-23-201170.md","text":"https://secwatch.observer/filing/0001193125-23-201170.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523201170/0001193125-23-201170-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523201170/d414568d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T14:30:13.274084+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"41bcad7bc4af916079922c53c898a4ecd0fd6940","claim":"Driven Brands Holdings Inc. reported the second quarter ended July 1, 2023 results: revenue $606.9 million, net income $37.7 million or $0.22 per diluted share, EPS $0.22 per diluted share. Guidance lowered.","evidence_excerpt":"Driven Brands Holdings Inc. Reports Second Quarter Results —Revenue increased 19% powered by 8% same-store sales growth and 7% net store growth— —Net Income increased to $38 million vs a Net Loss of $57 million in prior year— — Adjusted EBITDA 1 increased 12% to $151 million— —Updates Full Year 2023 Guidance— Charlotte, N.C. (August 2, 2023) - Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the second quarter ended July 1, 2023. For the second quarter, Driven Brands delivered revenue of $606.9 million, up 19 percent versus the prior year. System-wide sales were $1.7 billion, up 18 percent versus the prior year driven by 8 percent same-store sales growth and 7 percent net store growth. The company added 74 new stores in the quarter. Net Income increased to $37.7 million or $0.22 per diluted share versus a Net Loss in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523201170/0001193125-23-201170-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended July 1, 2023"},{"label":"Revenue","value":"$606.9 million"},{"label":"Net income","value":"$37.7 million or $0.22 per diluted share"},{"label":"EPS","value":"$0.22 per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}